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Income Tax Liability

ITAT Dismisses Revenue’s Appeal, Upholds Deletion of ₹5.2 Crore Addition Under Section 41(1) Due to Lack of Cessation of Liability Evidence [Read Order]

Adwaid M S

The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has dismissed an appeal filed by the Revenue and affirmed the deletion of ₹5.2 crore added ...

Tax Residency Dispute: ITAT Upholds Taxation as Resident of India, Enforcing Global Income Tax...

No Justification for attachment of properties in absence of Income tax liability: Kerala HC [Read...

No Income Tax Liability on Compensation Awarded by MACT: Kerala HC directs to Refund TDS Deducted...

Income Tax Liability on Notional Income arose on Resolution Plan due to write back of unpaid dues to...

Undertaking by Employer to meet UK Income Tax Liability: ITAT directs to re-compute Refund Claim as per India- UK DTAA [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai directed to re-compute Refund Claim as per India- UK Double Taxation Avoidance Agreement (DTAA). The assessee, Kanagaraj Shanmugam admitted salary...

Income Tax Liability won't arise for Unsecured Loan Transactions done by Group Entities: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench has held that income tax liability won't arise for unsecured loan transactions done by group entities. The Assessing Officer received...

Gujarat notifies Revised Rate of Professional Tax [Read Notification]

The State of Gujarat has notified the revised rate of professional tax. Individuals, Hindu undivided families, and all associations/businesses/companies are liable to pay professional tax....

Can the Rent Paid to Parents or Spouses be Eligible for HRA Exemption under the Income Tax Act?

Whether Paying Rent to Parents or Spouses to be considered a Tax Evasion Method? Can the Rent paid to Parents or Spouses be Eligible for HRA Exemption under the Income Tax Act? Is the above said to...

No Penalty to be imposed on failure to discharge admitted Self-Assessment Income Tax Liability due to Financial Constraints: ITAT [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that no penalty can be imposed on failure to discharge admitted self-assessment Income Tax liability due to Financial Constraints. The...

Legitimate Tax Planning to minimise the Income Tax liability not illegal: ITAT [Read Order]

The Mumbai Bench of Income tax Appellate Tribunal (ITAT) ruled that legitimate tax planning to minimise the Income Tax liability is not illegal. The assessee, Michael E Desa is a non-resident...

Income Tax Liability of Multinational Companies: ITAT grants Partial Relief to Fox International [Read Order]

In a significant ruling clarifying the tax liability of multinational corporations with operations in India, the Income Tax Appellate Tribunal (ITAT) has held that the assessee, a Hong Kong-based...